Migration from Lease tool to SAP RE-FX
IFRS 16 efforts did not end with the lease accounting system implementation if it’s not designed to fully address your business needs.
Lease accounting has proven that It can be an incredibly time-consuming, complex endeavor process that involves a lot of preparation, cross-departmental collaboration, and ongoing maintenance.
If that is your business case, it’s time to optimize efforts and migrate to SAP RE-FX!
What to expect migrating with Qiado
Migration from your current solution into SAP RE-FX
Base configuration, all contract data and processes are migrated into RE-FX.
Tested & Proven Methodology
Combining the IFRS 16 process with our experience, we developed our own accounting transition methodology.
Asset & Liability Balances
While migrating the liability and asset values we will validate that all balances are the same.
Configuration & Contract Data Mapping
A streamlined template for the migration of the required configuration and contract data that enables you to keep the current processes still running in RE-FX.
Full AP / P2P Integration
Vendor invoicing automation can significantly reduce efforts and time within the leasing reconciliation process.
Workflow & Dashboards
Can be designed to automate the business processes so that steps, tasks, or events are simpler for the end-users.
Finance Leases & Local GAAP
Both procedures can be automated and included in RE-FX.
Disclosure Reports
In RE-FX all data is accessible, and it is possible to build all types of reports for historical data, planned values, etc.
Why choose Qiado Migration Service Package – we connect the dots!
Avoids the complexity: by powering the current IFRS 16 processes in place when moving to RE-FX it will not be necessary to perform a greenfield implementation.
Reduced Risks: leveraging the current IFRS16 design and process will reduce the risks in the RE-FX implementation.
Reduced Effort: by using and benchmarking the current IFRS 16 solution setup there will be a significant reduction of the efforts for the RE-FX implementation project.
Takes advantage of current data: Qiado has deep know-how in lease accounting processes and RE-FX, therefore we will re-use the most possible data/configurations/process to make your RE-FX implementation easier.
Efficiency: have a Lease Accounting solution efficient for capturing lease events and get the best of reliable automatized process
Customization: Provide your team with a stable system with applications designed for your specific business needs.
Continuous Support: eventually challenges come and we will be there to provide you the suitable support whenever you need
It will power you with all the benefits of a fully integrated SAP System, incorporating more processes and automation.
